Borough government · Bergen County, NJ

Edgewater's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Edgewater took in $34.5 million and spent $23.5 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes73%Federal tax money16%Fees for services (housing, sewer)4.9%County and local tax money4.8%Fines and other1.0%State tax money0.3%

What stands out

73%

of Edgewater's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Borough taxes73%

Property tax
73%$25.2 million

Fees for services4.9%

Fees for services
4.9%$1.7 million
What's in fees for servicesHousing; other service charges and 3 more
  • Housing$637 thousand
  • Other service charges$560 thousand
  • Sewer$385 thousand
  • Parks and recreation$107 thousand
  • Parking$7 thousand

Amounts are by Census type of charge.

Federal tax money16%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
16%$5.4 million

State tax money0.3%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
0.3%$112 thousand

County and local tax money4.8%

Money passed on by the county or other local governments.

From the county and other local governments
4.8%$1.7 million

Fines and other1.0%

Interest, rents and other
1.0%$353 thousand

Where it goes

Police, fire, courts and jails32%Housing and community development24%Running the government and other costs15%Roads, transit and parking11%Parks, recreation and libraries6.2%All other spending11%

What stands out

24%

of Edgewater's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
32%$7.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$6.2 million
  • Fire protection$727 thousand
  • Inspections and regulation$483 thousand
  • Courts and legal services$202 thousand
Housing and community development
24%$5.7 million
Running the government and other costs
15%$3.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$2.3 million
  • Central staff services (personnel, purchasing, technology)$557 thousand
  • Finance, tax collection and budgeting$470 thousand
  • Government buildings$289 thousand
Roads, transit and parking
11%$2.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.6 million
Parks, recreation and libraries
6.2%$1.5 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$832 thousand
  • Libraries$634 thousand
Interest on debt
6.1%$1.4 million
Water, sewer, trash and utilities
3.8%$884 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$846 thousand
  • Sewer systems$38 thousand
Sent to other local governments
0.5%$119 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$119 thousand
Health and hospitals
0.5%$113 thousand
What's in health and hospitalsPublic health
  • Public health$113 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Edgewater. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Edgewater itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.